India jumps 23 notches to 77th rank
India jumped 23 positions in the World Bank's Ease of Doing Business Index on Wednesday. It is now ranked 77 out of 190 countries in 2018.
India was ranked 100th last year and 130th in 2016 and 2015.
There has been a successive increase in the Doing Business scale.
Source: Indian Govt
Source: Indian Govt
PTI adds:
The ranking comes as a shot in the arm for the Narendra Modi government which faces strong dissenting voices from the Opposition ahead of the general elections in 2019.
In its annual Doing Business report, World Bank said India improved on six of the 10 parameters relating to starting and doing business in a country.
Photo: Twitter/@wb_research
Photo: Twitter/@wb_research
These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.
India was ranked 142 among 190 nations when the Modi government came to power in 2014.
